This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its structure, featuring a methoxyphenyl group, makes it valuable in the development of drugs that interact with specific receptors or enzymes in the body. Additionally, it is explored for its potential use in designing peptide-based therapeutics due to its amino acid backbone. Researchers also investigate its role in creating compounds with antioxidant or anti-inflammatory properties, contributing to the development of treatments for chronic diseases.